Clearing Participant in Securities Clearing Service
Clearing participants are as follows:
Clearing members are categorized into 2 types as follows:
1.1) General Clearing Member (GCM): a Member who undertakes the Securities clearing and settlement for itself or clients, or for other Members or other Members’ clients.
1.2) Direct Clearing Member (DCM): a Member who undertakes the Securities clearing and settlement for itself or clients whereby the Member’s clients must not be the members of SET or the members of TCH.
Settlement agent i.e. Custodian banks, Commercial banks, Government bank, Finance company, and Securities company
Juristic persons who have the shareholders’ equity according to the criteria prescribed by TCH
1.1) General Clearing Member (GCM) have the shareholders’ equity of not less than THB 500 million
1.2) Direct Clearing Member (DCM) have the shareholders’ equity of not less than THB 400 million
Have licensed to operate the business in the category of securities brokerage or securities dealing or other person as prescribed by TCH
Have a Net Capital according to the criteria prescribed by the SEC
Be accepted as Depository members of TSD
Be accepted as Members of Clearing Fund
Members are bound to perform the following:
Comply with the law and other relevant rules and regulations. Members shall allow TCH to proceed with any sanctions where there are the violations, and shall ensure that their clients acknowledge and comply with the relevant rules and regulations;
Maintain their membership qualifications at all times;
Do not assist others in violating TCH rules;
Do not evade or breach TCH regulations;
Have an internal auditing system to monitor executives and staff. Members are responsible for the actions of any of their staff who evade or breach any regulation.
Report any violations or irregularities to the TCH (Self-Reporting);
Assist TCH to carry out its duties;
Verify the accuracy of reports received from TCH. Where any inaccuracies are found, members must inform TCH by the next working day;
Deposit collateral, clear and settle the obligations, and place assets for clearing system protection in accordance with TCH’s rules and regulations;
Allow TCH to disclose information on trading, clearing, risk management, rules violation, and sanctions to The Stock Exchange of Thailand (SET), the Securities and Exchange Commission (SEC), the Bank of Thailand (BoT), and any other entities required by law;